Presidio Bay Ventures proposes major redevelopment of former USGS campus in Menlo Park

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Presidio Bay Ventures has submitted an initial application to redevelop the former U.S. Geological Survey campus in Menlo Park. The proposal calls for demolishing 253,000 square feet of existing office and lab space across 16 buildings and replacing it with a mixed-use project featuring 670 residential units, 740,000 square feet of new office space, 40,000 square feet of retail and amenities, and 3 acres of publicly accessible open space.

Why it matters

This redevelopment project represents a significant transformation of the former USGS campus, shifting the site from office and laboratory use to a mixed-use community with new housing, jobs, and public spaces. It reflects broader trends of repurposing large corporate campuses in the Bay Area as the nature of work evolves.

The details

Presidio Bay Ventures purchased the 41-acre campus at 345 Middlefield Road in 2025 for $130 million. The proposed project would include 670 residential units across three buildings, with 101 units designated as below market rate housing. The plan also calls for 740,000 square feet of new office space, 40,000 square feet of retail and amenities including a 15,000-square-foot childcare center, and 3 acres of publicly accessible open space including a central lawn and dog park. The developer plans to provide 2,639 parking spaces through a combination of underground, above-ground, and shared garages.

• Presidio Bay Ventures purchased the USGS campus in 2025.
• The developer submitted an initial application for the redevelopment project on January 30, 2026.

What’s next

The proposal remains in the early stages of the city's review process, and any final project would require approval by city advisory bodies and the Menlo Park City Council following environmental review and public hearings.